Africa Investment – From Foreign Direct Investment to Africans investing in Africa

South Africa’s Government Employees Pension Fund, the continent’s largest with around US$120 billion in assets, is investing 1 percent of the fund in the rest of Africa, but can invest up to 5 percent.

Namibia’s US$6 billion Government Institutions Pension Fund (GIPF) has a 27 percent allocation to South Africa and 8 percent to the rest of the continent, where it is investing in both listed markets and private equity, Chief Executive David Nujoma said. The returns have not disappointed, he added.

“It’s been tremendous – 30 percent plus year on year.”

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